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Topgolf Callaway Brands Corp. (NYSE:MODG) announced that director Scott M. Marimow resigned from the company’s board on Monday. According to a statement in the company’s SEC filing, Marimow’s decision to step down was not due to any disagreement with the company regarding its operations, policies, or practices.
Following Marimow’s resignation, the board of directors determined on Tuesday that the size of the board would be reduced from 11 members to 10 members.
The company’s disclosure was made in a press release statement included in a filing with the Securities and Exchange Commission.
In other recent news, Topgolf Callaway Brands reported its second-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of $0.24, significantly higher than the forecasted $0.02. The company also exceeded revenue projections, reporting $1.11 billion compared to the anticipated $1.09 billion. These results highlight the company’s strong financial performance during this period. Despite this positive outcome, the stock experienced a decline in after-hours trading, reflecting mixed investor sentiment. Investors and analysts alike are closely monitoring these developments. The earnings surprise may influence future analyst ratings and investor decisions. The company continues to navigate the market with a focus on its financial health.
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